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Some investors who lost thousands after Mt. Gox's implosion are weighing a new plan: Taking over the exchange to recoup some of their cash. The idea, which some consider pie-in-the-sky, made the rounds on the Bitcoin sub-Reddit . The gist: Investors will take over Mt. Gox and use its ...

Davi Baker wasn’t quite sure how to comply with the TSA’s demands to inspect his bags for Bitcoin . Baker had found himself in a testy exchange with airport security personnel during an enhanced screening, and they wanted an additional search of his belongings. “We saw Bitcoin in your...

Joe Polverari is the General Manager of Yodlee Interactive , which powers global financial innovation happening outside of banks. The recent attention given to Bitcoin and Coin - the two newest stars in the financial technology world – vividly illustrates that there exists a major dem...

Bitcoin, the shadowy digital currency, is described by its backers as “a consensus network that enables a new payment system and a completely digital money.” As self-professed “digital skeptic” David Golumbia explains below, though, Bitcoin is more accurately understood as an ideology...

This post by Michael Haltman, owner at title insurance provider Hallmark Abstract Service LLC in New York, was originally posted on ActiveRain. It was only last month we posited that Bitcoin at some point could become a standard and accepted currency to use in real estate transactions...

But if we go back to the electronic-money drawing board, we may conclude that Bitcoin has been focused on the wrong classical functions of money, as a medium of exchange and a store of value. Bitcoin offers a way of “mining” electronic coins that can replace our dollar bills and bank ...

Singapore received its second official bitcoin ATM on 28th February when a Lamassu unit debuted at Citylink Mall . With a retail space of 60,000 square feet, the country’s first underground mall is not the largest to host a bitcoin ATM. But, the venue is still in a high-profile locati...

Davi Baker wasn’t quite sure how to comply with the TSA’s demands to inspect his bags for Bitcoin . Baker had found himself in a testy exchange with airport security personnel during an enhanced screening, and they wanted an additional search of his belongings. “We saw Bitcoin in your...

MtGox bitcoin exchange files for bankruptcy 1 March 2014 Last updated at 04:38 GMT One of the world's biggest Bitcoin exchanges, MtGox, has filed for bankruptcy, blaming computer hackers. Bitcoin is a virtual currency that has become increasingly popular as an alternative to tradition...

The mountain of trouble that has been piling up for Mt. Gox just got even larger. Once the largest Bitcoin exchange in the world, Mt. Gox shut its digital doors and later filed for bankruptcy this week after losing hundreds of millions of dollars worth of its customers' bitcoins . Now...

This week I was making the argument on Twitter that it’s more helpful to think about Bitcoin as a new kind of payment network than a new kind of currency. Multiple people asked variants of the same question: if the goal is to create a new kind of financial network, why base it on an a...

The MtGox bitcoin exchange has filed for bankruptcy protection, reports say. The application was created in Japan by lawyers working on behalf of the exchange and comes solely days when MtGox went offline. On Tuesday, the exchange’s boss aforementioned he was operating laborious to se...

Who would thought that a former online Magic Card market wouldn’t be a safe place to invest your money? The Wall Street Journal reports that Mt. Gox , which until last week had been the world’s largest Bitcoin exchange, has filed for bankruptcy. Mt. Gox admitted on Friday that it had ...

Flying is the safest way to travel, statistically speaking, but you still have to actually make it onto the plane, and as a bizarre case involving a cryptocurrency demonstrates, sometimes that’s easier said than done. Davi Baker, a libertarian and entrepreneur, was allegedly held by s...

Fortress Investment Groupsaid it incurred a $3.7 million paper loss last year on an investment it made in the virtual currency bitcoin. In a regulatory filing, the company said it invested $20 million in bitcoin in 2013, and that the stake was worth $16.3 million by the end of the yea...

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Just before the bankruptcy of the Mt. Gox bitcoin digital-money (or virtual-currency) exchange, Japanese finance minister Taro Aso predicted the inevitable failure. "No one recognizes them as a real currency," he told reporters. "I expected such a thing to collapse." I totally agree w...

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We’ve been waiting for a good Daily Show smackdown of Bitcoin , and with the implosion of Mt. Gox , the cryptocurrency ’s largest exchange , we got it. In the clip below, Jon Stewart paints virtual money as a faddish phenomenon basically geared toward wide-scale fraud, and he delights...

This entire analysis hinges on the assumption that the velocity of BTC will remain constant at 7.3. This assumption seems unjustified to me, and I suspect it is quite false. I would not be at all surprised to see the BTC velocity change by orders of magnitude in either direction. You ...

Eric L. Stromberg was pushing his old Ford Escort faster than it was used to, as he sped from California to New Mexico with his 125-pound traveling companion sitting silently in the back. Stromberg had never spent a night in Albuquerque before, and he knew no one there. But Albuquerqu...

is too trivial a use for you, loyal Bing user, perhaps the addition of a calculator will help solve the equation of your unhappiness. Simply type a math problem into Microsoft's search engine and, as Windows Phone Central has noticed, an interactive scientific calculator will pop up w...

") is the founding editor of NaturalNews.com, the internet's No. 1 natural health news website, now reaching 7 million unique readers a month. With a background in science and software technology, Adams is the original founder of the email newsletter technology company known as Arial ...

Joe Polverari is the General Manager of Yodlee Interactive , which powers global financial innovation happening outside of banks. The recent attention given to Bitcoin and Coin - the two newest stars in the financial technology world – vividly illustrates that there exists a major dem...

Lastly, we’re going to be beginning to do a series of short demo videos in the coming days to demo some of the functionality of the platform ahead of the alpha going live. We’re just waiting to produce these videos until the UI is up to a presentable stage, which should be fairly soon.

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